Released January 16, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
TC Energy to Resume Keystone XL in February - Pipeline company TC Energy Corporation (NYSE:TRP) said on Tuesday it planned to start pre-construction work in February for its Keystone XL oil pipeline. TC said in a filing with the U.S. District Court in Montana that in February it would start mobilizing heavy construction equipment in Montana, South Dakota and Nebraska, and aim to begin building a 1.2-mile segment spanning the U.S.-Canada border in April. (Projects 32000279, 34000908, 47000438) (Reuters)
NATURAL GAS
EIA: U.S. Gas Prices to Be Lower in 2020 - In its January 2020 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecasts that average U.S. natural gas prices will be 9% lower in 2020 than in 2019 as production outpaces demand. (EIA)
CRUDE OIL
U.S. Crude Oil Stocks Decline - U.S. crude oil stockpiles decreased by 2.5 million barrels for the week ending January 10, to 428.5 million barrels. Gasoline stocks rose 6.7 million barrels, and distillate stocks rose by 8.2 million barrels. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
PIPELINES
TC Energy to Resume Keystone XL in February - Pipeline company TC Energy Corporation (NYSE:TRP) said on Tuesday it planned to start pre-construction work in February for its Keystone XL oil pipeline. TC said in a filing with the U.S. District Court in Montana that in February it would start mobilizing heavy construction equipment in Montana, South Dakota and Nebraska, and aim to begin building a 1.2-mile segment spanning the U.S.-Canada border in April. (Projects 32000279, 34000908, 47000438) (Reuters)
NATURAL GAS
EIA: U.S. Gas Prices to Be Lower in 2020 - In its January 2020 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecasts that average U.S. natural gas prices will be 9% lower in 2020 than in 2019 as production outpaces demand. (EIA)
CRUDE OIL
U.S. Crude Oil Stocks Decline - U.S. crude oil stockpiles decreased by 2.5 million barrels for the week ending January 10, to 428.5 million barrels. Gasoline stocks rose 6.7 million barrels, and distillate stocks rose by 8.2 million barrels. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
